Good advice

Debtless video from NL

No Comments 22 November 2013

Click on the red link to view the Debtless video produced by our partners from the Netherlands! It summarises some of the issues related to debt in which people can find themselves and directs them towards the Debtless Project for help and guidance.

Borrowing money, Good advice

Slovene Consumers’ Association: consumers’ loans and interest rates

No Comments 13 August 2013

 

Slovene Consumers’ Association is gathering information on the interest rates for consumers’ loan for 3.000 EUR for 12 month and 7.000 EUR for 48 months. Last year difference between offer of one bank and other bank was 380 EUR, but this year difference is already 530 EUR.

To find more information visit ZPS website: PLEASE CLICK HERE.

Featured, Good advice

Slovene Consumers’ Association: housing loans and interest rates

No Comments 13 August 2013

 

Slovene Consumers’ Association is gathering information on the interest rates for housing loan for 80.000 EUR three times per a year. With choosing right offer the consumers can save up to 5.000 EUR. You can also see how much you would have to pay each month at the beginning. That will change when 6 month EURIBOR will be higher than at the signing the housing loan.

To find more information visit ZPS website: PLEASE CLICK HERE.

Borrowing money, Good advice

Slovene Consumers’ Association: calculators to the better financial future

No Comments 13 August 2013

 

Slovene Consumers’ Association (known as ZPS in Slovenia) is an independent, non-profit, internationally recognised non-governmental organization, which has been protecting and representing consumer interests since 1990. Their mission is for consumers to be informed, to be aware of and familiar with their rights and also to assert them, as well as a consumer-friendly society which respects and protects consumer rights.

On their webpage you can found more information which will help you to obtain financial information and calculate your financial future, namely deposit and loans interest rates.

To find more information visit ZPS website: PLEASE CLICK HERE

Borrowing money, Good advice, In the media

The Debt of Love

No Comments 07 August 2013

This episode is about a woman, let´s call her Mrs.  X, who fell into debts and financial consultants tried to help her. Mrs.  X incured debts owing to her naive behaviour – she had a gambler boyfriend, and she felt ashamed of him, so she started to pay all his debts and she took her own loans for this purpose. However, her boyfriend broke up with her and she has only debts now. She has a disability pension and two children trying to help her. Mrs. X leased a contract with the town and she lived in a beautiful house. Anyway, her children had one condition – Mrs. X should leave her home and move to flat of a lower cost. Mrs. X did what they had asked for and moved to a smaller flat. Even if she was really sad, this story has a “happy ending“ and her children will help her to repay debts.

Whatch this video in czech.

Good advice, In the media

A vision of the socially disadvantaged and the risk of debt for European citizens

No Comments 02 August 2013

The following is a series of articles from the internet that in varying degrees and in various facets, offer a vision of the socially disadvantaged and the risk of debt for European citizens.

As it turns out people are increasingly exposed to this risk, they are more fragile and less protected economically and socially, often find themselves alone in the face of life events difficult to deal with and threaten areas of subsistence “basic needs”. The issue involves companies, micro reality entrepreneurs and individuals.
In particular, the first article focuses on the function of money, loss of its value “in the service of the citizen”, becoming the benefit of markets and banking azionistici typical of western cultures.

In this respect, it offers an analysis of the “culture of debt” that markets and implement policy for many years and that have led countries such as Italy, in a state of economic insecurity and social poverty that is the background a political class unable to pass laws in favor of social equality and democracy and protecting the citizen.

Following research on the risk of debt in several Italian cities which shows the increase of the phenomenon and attention on the part of citizens’ associations, institutions and local authorities.

To read the full articles please select the language of your choice:

English

Italian

Borrowing money, Good advice, In the media

Even richer people can´t cope with debts, they are desperately asking for personal bankruptcy

No Comments 16 July 2013

The standard of living of many people decreased rapidly and experts call attention that even richer people get in big problems. Also, they declare personal bankruptcy more and more frequently. The worst situation is in the Moravian – Silesian Region, which participates in a quarter of the total number of insolvencies in the country.

His debts amounted to 620,000 crowns. He owes six creditors and can see the only solution. Personal bankruptcy. Meet the average client of the Ostrava Counselling in Financial Stringency.

Indebtedness in the Moravian – Silesian Region becomes bigger and bigger problem, not only destitute people go for professionals because of insolvency. For example, according to the register Solus, to which other banks are looking in providing loans, in the region there is not able to repay their debts each one out of ten of the population.  Debts are a serious problem even for wealthier people.

“Recently, we are frequently visited by people who own the apartment, house or other immovable property. It is approximately two out of ten clients. That’s a big difference comparing to earlier years, when just destitute people were coming, ” says Martin Gojný from Ostrava Counseling.  He adds that the vast majority of people have already come up with the fact they need to help with a personal bankruptcy.

There are significant differences in each district

Only in the last three years 1,500 people have declared personal bankruptcy with assistance of the Counseling. ” Payment of debt is going on at ninety percent of clients. Process at seven percent of clients is completed and about one out of ten of these clients sold their property and the remainder of the debt was forgiven, others payed off the whole debt. Bankrupt was declared for the last three percent, the half of these cases had an accidental character, the second half was caused by unemployment, theft and other debts, “says Gojný.

The statistics of the Czech CreditBureau, which  deals with this issue, show  that the Moravian – Silesian Region participates in a quarter of the total number of insolvencies in the Czech Republic. But it is not equally bad everywhere. “There are significant differences in the Moravian – Silesian Region within its districts,” says Miroslav Beneš (Solus Association).

There are clients with forty loans

The worst situation is around Bruntál city, 13.6 out of a hundred adult residents in the district are unable to pay their liabilities. The bad situation is also in Karviná (12.8 person out of a hundred) and Ostrava (11.8 person out of a hundred).

In Nový Jičín district there is a similar situation, just 8 percent of adults in Opava and in Frýdek-Místek it is 6.8 percent. The average in the Czech Republic is 8.2 percent. According to the annual comparison, people in the region fall into debts more and more. Numbers of insolvency proposals increase in all categories including companies and entrepreneurs.

“We have also extreme cases, for example, clients with forty loans, all at once, ” says Martin Gojný from Ostrava Counseling. According to him, the fact that even  wealthier people have this kind of problems is a consequence of an overall situation in society and an economic crisis as well as of a decline of real estate prices, economic fluctuations and unemployment.

“People took mortgage. Then they lost their jobs and they are unable to repay now. The property has now much lower price than three years ago. Even if they sold it, they wouln´t repay it all. And hence banks reluctantly agrees to sell the property under the price of the mortgage, “explains Gojný.

Seniors became a vulnerable group also

“Execution of pensions and health insurance benefits increase every year,” says the spokesman of the Czech Social Security Administration Jana Buráňová.

According to the regions, the Administration doesn´t  observe  the situation. However, in a whole country there were 67,614 pensions in execution last year. The year before it was 60,874. In the year 2000 it was 15,000 pensions.

Debts often drive people out into streets. Return to a normal life is complicated. “The majority of our clients are debtors. Lots of people got to havens because of thein over-indebtedness. They have no chance to get a different place to stay. If they don´t repay their rents and energy bills, no other companies in this field conclude a contract with them, “explains the director of Ostrava Charity Martin Pražák.

He adds that for example, the Vienna city financially helps debtors to the certain extent. It is cheaper than if they fell into the social trap.

Dissemination, Featured, Good advice, Meetings

Final Partner meeting in Birmingham

No Comments 15 July 2013

Partners came to the UK at the end of June for the final meeting of the Partnership.

The main meeting  involved partners reporting on their recent work with particular reference to the Debtless Workshops and making plans for the completion of the Final Report. The social / cultural programme included a trip to Warwick Castle by train where partners were able to gain an insight into Ye Olde England!

The Partner Meeting was the last formal ‘get together’ for all the organisations who have been involved in the Debtless Grundtvig Partnership, but strong working relationships have been built up over the last two years and we are hopeful that there will be other opportunities for us to work together in the future.

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